+44-7897-074717 Research Article
Technological innovation as a catalyst for fraud prevention in Nigeria deposit money banks
Author(s): Kabiru Adeyemo* and Fatoki Jacob Obafemi
Technological innovation plays a pivotal role in transforming the landscape of fraud prevention within Nigeria Deposit Money Banks (DMBs). This research explores the multifaceted impact of advanced technologies on fortifying the defenses of DMBs against fraudulent activities. Leveraging a comprehensive analysis of survey results and empirical data, the study delves into the perceptions and attitudes of stakeholders towards the integration of innovative solutions, including advanced data analytics, machine learning algorithms, real-time monitoring systems, and block chain technology. The findings reveal a widespread consensus among participants regarding the positive impact of these technologies on early fraud detection, prevention, and overall security. Notably, 86% of respondents acknowledge the positive impact of advanced data analytics and machine learning algorithms, emphasizing t.. View More»
DOI:
10.14303//jribm.2024.007